You are looking at a schedule about foreign superannuation withdrawals. This schedule is part of the Income Tax Act 2007, which is a law in New Zealand. It is empowered by section CF 3, which you can read more about here. The schedule has a table with two columns. One column shows the schedule year, and the other column shows the schedule year fraction as a percentage. The percentages increase as the schedule year gets bigger. The schedule year fraction is a percentage that gets bigger each year, starting at 4.76% for the first year and going up to 100.00% for 26 years or more. You can use this table to work out the schedule year fraction for a particular year. This information is important for understanding how foreign superannuation withdrawals are treated under New Zealand tax law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6038804.

This page was last updated on 1 January 2026 — View changes

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Money and consumer rights > Taxes

Schedule 32: Recipients of charitable or other public benefit gifts, or

"Organisations that can receive charitable gifts"

Schedule 34: Community housing trusts and companies: income and assets of beneficiaries and clients, or

"Rules for community housing help: income and asset limits"

33Default fractions of foreign superannuation withdrawals Empowered by s CF 3

This is a small table having 2 columns. The first row is the headings for the columns.
Column 1 schedule year	Column 2 schedule year fraction (%)
1	4.76
2	9.45
3	14.06
4	18.60
5	23.07
6	27.47
7	31.80
8	36.06
9	40.26
10	44.39
11	48.45
12	52.45
13	56.39
14	60.27
15	64.08
16	67.84
17	71.53
18	75.17
19	78.75
20	82.28
21	85.74
22	89.16
23	92.58
24	95.83
25	99.08
26 or more	100.00